The global ethanol fuel market is expected to reach USD 115.65 billion
by 2025, growing at a CAGR of 6.7%

Asia Pacific is estimated to witness a fast paced growth during the
forecast period. China, India, and Philippines are the key countries
that are considered to positively impact the industry growth in the
future.

The government of India is currently drawing efforts on enhancing the
use of ethyl alcohol as an automotive fuel. The National Policy on
Biofuels was implemented in India in 2009, which stated that the oil
manufacturing companies were required to distribute petrol blended with
a minimum of 5% ethyl alcohol. Furthermore, this policy proposed a
target of 20% increase in the blending rate by the end of 2017 in the
country.

Growth of the automotive industry in India is another vital factor that
is expected to enhance the consumption of the product over the years
ahead. Government of India is focusing on making automobile sector as
one of the major drivers of the Make in India' initiative. The
manufacturing output of passenger vehicles is likely to reach
approximately 9.4 million units by the end of 2026, as stated by the
Auto Mission Plan (AMP) 2016-26.

Significant blending mandates in Australia, China, and Philippines are
considered to drive the market demand during the forecast period.
Australia currently has an E7 ethanol blending mandate implemented in
New South Wales. Furthermore, Australia focuses on reaching a 10%
biofuels mandate by the end of 2020. In China, nine provinces have
proposed a 10% ethanol blends that include Jilin, Henan, Heilongjiang,
Liaoning, and Anhui.